Is Humphreys County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Humphreys County was a Seller's Market.
Key Takeaway
Humphreys County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Humphreys County, TN
How much do homes in Humphreys County, TN cost?
Median Sold Price
$250,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Humphreys County have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Humphreys County was $250,000 in May 2024, up 8.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $154K | +10.0% |
| 2 Bedrooms | $165K | $166.2K | +0.8% |
| 3 Bedrooms | $231.2K | $256K | +10.7% |
| 4 Bedrooms | $275K | $257.5K | -6.4% |
| 5+ Bedrooms | $710K | $470K | -33.8% |
Summary: Humphreys County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 33.8%.
Median Sold Price Compared To Nearby Counties
| Humphreys County | $229.5K | $250K | +8.9% |
| Houston County | $225K | $238K | +5.8% |
| Dickson County | $343.2K | $357.9K | +4.3% |
| Hickman County | $315K | $307.4K | -2.4% |
| Benton County | $249K | $200K | -19.7% |
Housing Supply in Humphreys County, TN
How many homes are available in Humphreys County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 76 | +4.1% |
Summary: The Humphreys County real estate market had 76 homes for sale in May 2024, a 4.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Humphreys County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 10 | -54.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Humphreys County, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Humphreys County in May 2024, down by 54.5% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Humphreys County, TN
How long does it take to sell a home in Humphreys County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 64 Days | +103.9% |
Summary: Homes in Humphreys County had an average of 64 days on market in May 2024, up by 103.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Humphreys County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Humphreys County; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.